ASEAN: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in ASEAN

In 2022, the ASEAN electric soldering iron market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, enjoyed a strong increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Soldering Iron Production in ASEAN

In value terms, electric soldering iron production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Electric Soldering Iron Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded growth in overseas shipments of electric soldering irons and guns, which increased by X% to X units in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, electric soldering iron exports reduced modestly to $X in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X units) was the main exporter of electric soldering irons and guns, constituting X% of total exports. Malaysia (X units) held the second position in the ranking, followed by Singapore (X units). All these countries together held near X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports in ASEAN

In 2022, the amount of electric soldering irons and guns imported in ASEAN fell slightly to X units, which is down by X% on 2021 figures. Over the period under review, imports, however, recorded tangible growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports rose significantly to $X in 2022. Overall, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Thailand was the key importing country with an import of around X units, which recorded X% of total imports. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), Indonesia (X%) and the Philippines (X%). Singapore (X units) and Cambodia (X units) took a relatively small share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of electric soldering irons and guns. At the same time, Cambodia (X%), Vietnam (X%), Malaysia (X%), the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. Vietnam (X p.p.), Malaysia (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia, the Philippines, Singapore and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform